[ANN][SIM] Simcoin - A Simple Coin - page 50.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: NxtChg on May 20, 2014, 03:22:38 AM

Quote from: dzarmush on May 20, 2014, 03:09:44 AM

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.

I know, I did the math

But I've got a strong belief in you as a dev. So no hesitations.

Quote from: NxtChg on May 20, 2014, 03:22:38 AM

To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet Wink

Cool, thanks for the answer.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: schnötzel on May 20, 2014, 03:59:04 AM

<3 sec would be fine Wink

1sec isn´t necessary. Priority should be "solid, yet simple platform."

I know it's Ok, but the goal should be higher, so when all the complexities of real life kick in, like DDoS attempts, some nodes being less powerful, sudden bursts of activity, network jams, etc. it can still perform in 1-5 sec range, i.e. worst case scenario.

schnötzel

legendary

Activity: 1316

Merit: 1041

Bitcoin is a bit**

Quote from: NxtChg on May 20, 2014, 03:22:38 AM

Quote from: dzarmush on May 20, 2014, 03:09:44 AM

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.

To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet Wink

<3 sec would be fine Wink

1sec isn´t necessary. Priority should be "solid, yet simple platform."

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: dzarmush on May 20, 2014, 03:09:44 AM

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

I would advise you against investing more. 2 BTC is a pretty big stake, it's 7 million right now, so if Simcoin succeeds you will get a very good ROI already.

But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

So it's still a gamble and the good old rule still applies - don't invest more than you can afford to lose.

To answer your question: if my goal of <1 sec confirmations turns out to be infeasible, I will just copy Ripple's consensus one-to-one, but without all the complexity. So it will still be pretty darn close to real-time, compared to 1 minute blocks.

1 sec confirmations is also not the only good feature of Simcoin. I hope to create a solid, yet simple platform. And there are also more exciting ideas that I haven't announced yet Wink

dzarmush

legendary

Activity: 1806

Merit: 1001

I've got another question. I invested 2 btc and thinking about investing more, but since there will be no refunds under no circumstances I wanted to clear something up first.

Let's imagine the worst scenario when you won't be able to create a coin with 1 sec tx confirmations. Will you postpone launch for a couple of years untill you figue out how to achive the goal or abandon the project or launch it anyway and try to improve it with time?

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: PondSea on May 19, 2014, 11:07:34 PM

Can we get a date when the IPO will definitely end? So you say it will end between now and the end of the month. Without a cutoff this will keep going and going and going...

Sure. August 12, 2038.

Somewhere between today and this date it will definitely end.

Spyrofix

newbie

Activity: 42

Merit: 0

Would be good to know if I can still invest in the beginning of juin. Cool

PondSea

legendary

Activity: 1428

Merit: 1000

Can we get a date when the IPO will definitely end? So you say it will end between now and the end of the month. Without a cutoff this will keep going and going and going...

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Anyway, here’s the progress report.

Distribution update

174 investors with 113.095 BTC.

Top 10 accounts own 23.38% compared to 24.03% on May 11, 24.17% on May 8 and 25.54% on April 28.

Weekly progress report

No test client release today because I was focused on pushing the server code, in particular a system of tasks – the server is highly parallel and asynchronous, so it's not trivial to program. We will need a task management module to handle all the things that are currently going on.

Started coding with 2 basic tasks – Ping and Pong to update network timestamp and get other various network parameters. One task listens to incoming ping requests and responds. The other periodically makes sure the time is synchronized with the network and the node runs a correct version of the software.

Decided on how to track responses and prevent attacks by pushing unexpected packets to us. Packet encryption slightly improved and optimized.

Working on details of consensus mechanism for various types of interchanges.

fsonex ported Blake hash functions and HMAC + key stretching based on them into JS and did tests and timing measurements. Very good and thorough job. It's an important cornerstone for web-wallets.

He also ported Salsa20 cipher into JS, so the only cryptographic primitive that remains is Ed25519.

He is now looking into client auto-update functionality and possible World Community Grid integration.

---

That is all for this week. Good things come to those who wait.

Oh, wait...

https://simcoin.info/img/good_things.png

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: ?? on ??

Quote from: NxtChg on May 18, 2014, 09:21:00 AM

By the way, RS addresses is a good example of my approach.
--
This is what makes my work different from the majority of other "developers" here.

Ah, the Good Ol' Days! Grin

It's a shame they deleted the old forum, the topic there documented how RS was done and what issues I found.

They could have left the forum for the history

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

By the way, RS addresses is a good example of my approach.

The original idea to use Reed-Solomon was by Ricot, I wanted simpler checksums. He quickly did the initial Java implementation using a third-party library.

I, on the other hand, spent a lot of time simplifying it, so the final implementation was without any dependencies and under 500 lines of code, yet with full error guessing. This allowed to port it easily into JS and PHP. And later to Java (I hope it was easy for them to port to Java

)

I documented it in a wiki article. How much documentation did BCNext or CfB leave after their "highly productive" work?

Then I wrote a test generator and tested it on literally millions of addresses.

In the process I found several important issues, a nasty one in particular: the default implementation was not very good at guessing insertion/deletions, so I solved that by introducing a scrambling pattern. Then tested again.

I tested all 3 implementations (C++/JS/PHP), both types - simple and with error guessing, 6 in total.

The tests covered 8 test cases:
* old (numeric) addresses because the code supported them too,
* valid addresses,
* 1-2 errors that can be guessed,
* 3+ errors that can't be guessed,
* 1 deletion that can be fixed,
* 2+ deletions that can't fixed,
* 1 insertion that can be fixed,
* 2+ insertions that can't be fixed.

The test cases where altered in all possible ways, here's an example:

Code:

12068133307708609874, J7CL-BQY2-NZY4-CZNYG, J7CL-BQY2-NZY4-CZNYG, Ok
18051442103835987327, T5DZ-YHPC-GTQX-HUW2P, T5DZ-YHPJC-GTQX-HUW2P, Ins
15152579518394945858, NNC4-TB6E-NSJZ-F88L6, NRC4-TB6E-NSJZ-F78L6, Fatal
8458344897432174244, XHP6-VUVL-JW6J-9MJSC, 8458344897432174244, Old
5266983966593226586, H7UU-2E99-W9HF-6Q28L, G7UU-2E99-W97F-6Q28L, Error
5887330571029807732, H2MN-YT2S-KK6V-7ZZE5, NXT-H-2MNY╛t2S-Kk6ЫVCеzе-ZE-5, Error
13902446730925435678, MUSY-NLWT-9L4T-EBVV3, JHPY-NLC5-Z5BM-FAPFJ, Fatal
2832891440480596819, GEUM-S7YK-SHFN-4M5NG, GEUMS7YKоSh╞FB4MHЦNG, Error
134625926062566564, AV76-L64A-5NAK-2BLR5, A8XVV7MT6-2LJ564A-5NA6T8K-T8K2EBLRBN5, Ins+
14703280978351155599, 3UEH-6S3Q-STQP-EE65S, 14703280978351155599, Old
7012263308303942692, EK36-CG7H-ZNRT-8J6N4, EK36-CG7H-TZNRT-8J6N4, Ins
11912241044917367009, 3E93-5REL-5EY9-CA8NC, -3E93XREL-5Ey9W-A-8NЬ└C, Error
10067577635043541031, 2239-JM8R-68PJ-ASTFR, 10067577635043541031, Old
3178571623049693715, 94JM-3MLJ-PL22-4G69S, 3178571623049693715, Old
15463018710113099227, 79GV-LWFS-FWCY-FFX7F, -79G-FV--lWМfS-F-WCY--F-F-X7F, Ins
3406317423457193323, 9MDD-NSSQ-KFH9-4DFKY, 3406317423457193323, Old
6060529994415875076, 6B26-XFXW-AAT9-7MU8A, 6060529994415875076, Old
2345176969639542135, PHDR-2XBE-9NBC-4YX43, 2345176969639542135, Old
7016394871974794223, W6ZH-YSPY-MNMS-8XTR4, 7016394871974794223, Old
5130786269813189685, PD3P-XQMC-S8VJ-6Q3FG, X6MA-SPLS-S8VJ-FCV6T, Fatal
803442504639310311, MUH9-QFZ9-WLFQ-28MBQ, NXT-Cu77-QFZB-WSFP-╤28MYQ, Fatal
7682342953946013490, URTL-8UYC-88QN-8CB9P, URtL8cUyC8Ш8Q╦n8CB9P, Ins
13105810908266970264, 4H6S-LPJD-4LR3-DKBSD, NXT-4HES-NW8D-C5RZ-D3MSD, Fatal
11496147297000321596, CWKW-3UTN-KLEA-B7N4Z, 11496147297000321596, Old
4563425248618681545, G78B-4RMH-4LCC-5D6PY, G78B-4RMH-43KC-5D6PY, Error
8913411229488543153, AXFK-B8VC-VYND-9EQER, A═XFK-BЗ8VC-VYND╝-9E┘QER, Ok
3617161596165569211, 6GPV-BUKC-3ZVJ-5XPE6, 6GPV-BCUC-3ZVJ-5XPE6, Error
12740187264528015323, DRYV-U6B4-SGVB-DWKM3, 12740187264528015323, Old
14843690334684923554, QKP4-QVBE-B8FZ-E3VZV, QKP4-QVBE9-B8FZ-E3VZV, Ins
2768518463745307077, EEG7-VZJU-2A7A-42YUE, NXT-EkGW-AK6-LSh-7-5-K-Y8Wg, Fatal
3242305862527240258, NL44-25LK-WGR7-4WRZT, NL4K-25L9-WGR7-4WRZT, Error
11513417153287552450, HZG4-WTUB-4DMP-BZYKZ, , Del+
811485634663020938, RYEC-WCK8-SXQR-2TRJQ, RYEC-WCK8-SQR-2TRJQ, Del
10415911839373287045, 4RN7-N98U-KUCA-B2853, 4rN7СУ-n98u-kUCa-B285Н3, Ok
12487581470366314996, YEHN-7XQG-N52D-CF8MU, YEHN-7XQG-52D-CF8U, Del+
15333159299811840568, 86KS-6N4W-M9M5-FMLLB, NXT-15333159299811840568, Old
17769195784074418984, ZQTA-FGH3-R49W-HX88F, ZZTA-FGH3-R49W-HXT8F, Error
11657516539414723796, WH8N-JX5J-LYT3-CKYK5, 11657516539414723796, Old
10022820871845127670, 8BHQ-HDAV-AUBX-AQ38Q, 8BH-V-AU-AQQ, Del+
10877171607887042047, 6PHZ-YCEK-KGCF-BTVWF, 6PHZ-yCEK-KCF-BTVwF, Del
13120373132897964970, ENXC-V83H-LSZF-DF97E, ENXC-V83H-SZF-DF97E, Del
4454647093493185633, 8H53-XS5Q-CY9D-5PJNV, 8SVHC53-XS5Q-5C7Y9D-59PJKNV, Ins+
12382829506244626035, ZKMM-UJSY-QDAJ-C77QR, ZKMєMMAUU2JSY9QYDAWJ%KVCQN987DQ527QR, Ins+
10171230884522917120, JZA2-M8E9-23AS-ASVBU, JZA2-M8E9-23AS-ASVBU, Ok
16256528503241157776, 9D6J-KDYD-22CN-GCQ85, 9D6J-KDYD-22CN-GCQ8S5, Ins
16150031445493597038, KJVG-33Y2-U2BH-GJ5A2, V-33-U2B-GJ5A, Del+
1174982535333098098, 4EML-EHXX-9WGH-32MM2, 4EML-REQHXX-9WGH-32UMM2, Ins+
14065122917920600692, TWMN-SS8F-NT5M-EUCE8, ыsMu, Del+
6127994952019801664, FXL2-Y5YA-L997-74S4C, FXL2-YB5YA-L997-74S4C, Ins
11502628829952373509, NWS7-ZAS9-PFZ2-BDEAZ, NW7-S9F2DA, Del+
17694316010558736997, SLM7-P92F-E4FQ-HQQ5D, SLM7-P92F-E4FQ-HQQ5D, Ok
4780406842592520989, 7USX-QADB-YGBF-6CVP6, 7USX-QADB-YGBZ-CCVP6, Error
11803626076239088548, BLX6-E55W-TBU6-C9RM9, BLX6-e55W-tBu6-C9RM9, Ok
17893009105766984840, 6D6A-ZE23-GBSM-HW7NJ, 6A3-BSM, Del+
872540753238348705, 7NX3-86SF-CWGS-25Z8S, 7NX-86SF-CWGS-25Z8S, Del
5917606785018993534, Z8VY-2LLR-VZUL-7JW96, 746ZJ8VVY-2E4J9BLELR-P5VJZUL-7JW9N96, Ins+
8927854487460911201, S853-DD3R-ZT56-9WJTR, NXT-s8E3-mD3фR-zT56-9WJTr, Error
11169274332415350953, 4Q7B-UHVA-3TKK-BVB2Q, 11169274332415350953, Old
11657725459404681051, HVUV-KB2F-B4FV-CH6L5, HVUV-KB2F-B4FV-CH6L5, Ok
4110225591651356628, LMYN-ESAK-C9YY-5NM4L, LMYN-ESAK-C9YY-5NMGL, Error
8511083854333357081, ND2T-PHZK-CG6V-9KD9E, 8511083854333357081, Old
6288944265224666468, 6HD6-HNQH-7CSK-7KQKG, 6HD6-HNQH-7CSK-KQK, Del+
16228394645246663571, GQWM-YCWE-G54U-GQQF4, GQWM-YCWE-G54U-GQQF4, Ok
4172344929190824635, 6LPV-MFNF-RBMU-57TTM, 4172344929190824635, Old
12448640474508397384, Z4UA-KT7T-GKLA-CNMJT, Z4UA-KT7T-GKLA-CNMJT, Ok
1168628916680996911, CG3H-TVGJ-ZSL8-3FYF2, CG3эh-ЎVGJ-ZsL8{-3FYF2, Del
10873974578513607626, WYYC-AJSG-555R-BY2UF, 2T4F-VEHG-MG9V-V72UJ, Fatal
9841601209255575017, RHHB-72KD-N7WT-A657K, NXT-RHHB-73KD-N7WT-A657K, Error
14369715932007303011, 43V5-J8BB-J969-EWVUG, 43V5-J8BB-J96-EWVUG, Del
10656349239279186495, UWKZ-7KJV-L235-BPRS9, UWKZ-7KJV-LQ35-BPRY9, Error
17394075773946883277, BV8F-SAV7-ZCCH-HD3T4, HV8P-JA67-5CCH-HD3X4, Fatal
7995491288177980392, AEZA-YVUB-EQKH-8JFXX, 8AEWZ9бACFY5VF~U4xYWbLYEQKH3TKZY8uJнFXX, Ins+
12989460869761644484, PFY6-UW4Z-65CR-DPYJA, PFYX6-UW4Z-65CR-DPYJA, Ins
2090732104073999035, DWPV-SPZX-Q6MV-37Y2U, dW%PV-sPаzX-Q6MV-37КY2u, Ok
1375298031945824505, TG9T-ARZ8-YCJW-3CJ78, 1375298031945824505, Old
4390331624728078549, BC8P-DA73-BVMT-5REVT, Qb┐c8KP-dAY73-BV4MT-5ReWVHVCT, Ins+
2705969881082805462, KH8Q-ANHF-FYCY-4BE5D, KH8Q-ANHF-FYCY-4E5D, Del
1209459248371602338, 26X4-SX4S-L9G3-3W8L3, 1209459248371602338, Old
8237996398005474023, 2NR9-4H43-PU2Q-9YTN6, 2NR9-4H43-PU2Q-9YTN6, Ok
5601125261001760276, N9JN-RYU9-X96Z-6KTGV, N79JDN-NRZAY6U9D-X9ER6Z-6KTGV, Ins+
793844005668070794, QBEC-XD8G-3RTM-2E43Q, qBeC-4D8G-3rTMы-2e43q, Error
4366453954710325414, RL78-RM3B-E9PC-5488T, RLRM3B-E9P-548T, Del+
3830483614844835940, HQ56-KQ8E-VPG2-5W6CC, CQB6-VQ89-VS42-5SACC, Fatal
2041418108257574525, W9MX-YJGD-CPL3-3L6PS, W9_MBXyMJGdcZpL╘3Z3l26RpS, Ins+
17329821697337326813, DZ8X-2JTC-DNZN-H7ZZ2, DZ8X-JTC-DNZN-H7ZZ2, Del
14219200226543007705, ZXYT-AMYM-A6HW-EZ7PC, ZXYT-AMYM-A69HW-EZ7PC, Ins
18084534599894070256, 6WZJ-EWBH-T99W-HEBYP, BD6WRZJ-DLEW7H2ZBH-TL99WQ-HEB32YK9M6P, Ins+
11945925535688198588, F4FW-ZG3Z-YM42-CM5LD, F4FW-ZG3Z-YM42-CM5LD, Ok
16625876930326097894, 7VZ8-ZDZR-Z8YM-GURGF, 16625876930326097894, Old
17719747790967238211, UVL5-RG93-U99L-HJBUD, єUVгиLr-rG93-u99l-HJBUD, Error
8588476382625423380, JS2N-SJQ5-K8QK-975EG, JG2N-4JQ5-K8ZV-9758G, Fatal
15433567307547072260, TPS6-QADQ-Y5VP-FDSDE, NXT-TpS6-QADQ-y5VP-fDSDe, Ok
15138856981743167118, WTNG-8WZ5-URYB-F8286, wУtNG8WZ5uR╪BFє8286, Del
17008203477475668434, 2EGL-YE9A-TH6P-G8C4S, 2EGL-YE9A-TH6P-G8C4S, Ok
13786728309850407557, B2N7-DB3R-2NGX-DE4PY, Bш2N7Fd═B3r2NGxDe4py, Ins
17243422685416900179, ZKLM-LCL4-R6KW-GK9MY, 17243422685416900179, Old
9651937676985932610, B8U4-7RDH-CXU7-ALNWD, NXT--ўb8-UY-CU-4-7-Ru5DMHw3-▒-cX-J8U7-A-L-7-NWD, Ins+
16085052393534804989, 2NZX-XRZ5-L5DX-FPEGY, WQB-C73yLx-M8XZ-MF-b-W, Fatal
11944984035439140927, ZS3Z-Q7N2-8HNH-CVAKD, ZS3Z-q7n2-8HNH-CLVAKD, Ins
731225283009314187, VZED-JP8A-6QKA-2PGBN, VZKD-FP8A-6QKA-2PGBN, Error
929823282252931718, 7SN8-D77B-D7AN-27VTT, 5╪6-B7-G-8G=╬7-c5G-9--Z-HJ-7T, Fatal
10243112369488214890, 4GVC-FS2W-BH4M-ASQBW, B4W, Del+
5851098305840409923, 5VC5-X4JS-N8VN-78UE4, 5!VC-B-X4-JS-C-8V-N-7-8UE4, Fatal
1022278682985658074, 2XQU-3H2F-UARA-2XYDW, 1022278682985658074, Old
6714064201077808973, KRUF-U7W8-7P6T-77BDU, KBRMRUF-UEM7W8H-7P67B7TK2-5577BDU, Ins+
1739031111732387887, LS3H-LNC4-LWRS-39LAJ, JS3H-LNCC-LWRS-39LAJ, Error
18420640135452413434, 5MHU-MF2H-MPWU-H4UAZ, 6H25MH8AUT-NMF2JH-MPWCU-H4RUAZ, Ins+
10375210931740719881, HGSB-DX64-GJYF-A93ZZ, H6WB-DX64-GMWZ-993RZ, Fatal
16614112975515406955, VNMD-R9BW-TKDW-GHB6F, VBNMD3FA-4GRR9BFFW-PETKDXW-GHGBQ6F, Ins+
2083756383623133188, YG26-EJ46-LBSE-3XRUT, 8P26eCuR3rC39XNSX, Fatal
3301102521374188691, HB6M-A5AU-MAAM-4ZYMV, HB6M-A5AU-MAM-4ZYMV, Del
7972522322759560841, BDNB-TZTZ-PCKD-8Q2BX, NXT-7972522322759560841, Old
5153871014036150030, X7SG-E82W-9DL7-6UK3H, X7SPG-E82W-9DL7-6UK3H, Ins
12903752545336512331, 8MUD-LCR7-GNEV-DQU68, NXT-12903752545336512331, Old
14060355403698021597, NB8X-RULL-CKKC-EC5A8, NBC5, Del+
4096504452245108788, 2G3N-53EG-MXYQ-5PFQK, 4096504452245108788, Old
12302558025794434983, RFX9-CYY3-EXNU-CRVGP, 5RFX9-CYY3-EXNU-CRVGP, Ins
2922649909750869636, GDN6-MGNS-PPPJ-4QU5K, GD6-MGNS-PPPJ-4QU5K, Del
10475829376267031664, Z75J-C3XZ-N2S4-BZES4, Z75J-C3XZ-N24-BZES4, Del
13627830499545203229, 2JJX-NDAC-JZC5-D9Y9U, 13627830499545203229, Old
5530837719339752306, 9QVL-MAKT-CS3S-6VDJT, 9QVLE-MAKT-CS3S-N6VDJT, Ins+
6233337668566492068, HAX6-LPXZ-LYTJ-75C2F, NXT-╙hAX6LPxЇ~ZlY┴Tj75Сc2F, Ok
5463153906401191419, BBHV-K3N7-89DB-67ANR, BBHV-T3N7-89DB-67UNR, Error
1631323851394052930, FWU4-ETBZ-EVBP-32XAF, FWU4-ETBZ-VBP-32XAF, Del
1777698850991403827, EWTM-PYTH-T66R-39XCK, X6V5-VCU8-T86D-YJ6XL, Fatal
10889287162265126051, KK75-ZDQ2-65RN-B6N9G, KY79ZDQ689QBGGG4G, Fatal
10120431349439377361, ZDYK-Q6LJ-EDDT-AYRWS, NXT-ZDyKQ6LR5╛dDtayrWяS, Fatal
4753366589987699763, UH3M-RCPQ-SRN9-6TUX5, H3-P--UX5, Del+
13508729830115097769, RH7B-8P7D-XM69-D87YQ, RH7B-8P7D-XM69-D87YQ, Ok
8406389432430865071, 9CPH-NTFU-6SBA-9YDCB, 9C2PNH-NT9FU-6JSYBAF-Z9YDCBB, Ins+
18134427015456352554, DUBC-BB8S-YKAJ-HFMCR, 18134427015456352554, Old
5377625413567231422, MFFY-UBHE-RWQ3-6BBAP, MFFY-UBHE-RWQ3-6BBAP, Ok
14951760670252515284, XHYN-5LGJ-KVVV-EMUZY, XYN-K-E, Del+
12832931057889030149, VE27-TSQA-8HGV-DUX76, 5YV9REV27N-TXSWQaU-m8H6GV-DUX726, Ins+
9259560236519642939, DPTV-Z9B3-YQNV-AJ623, dPTVz9║B3 YqNVAJИ623, Ok
12038640796243638627, 3GD5-2P9C-Y79Z-CSG6G, 3G-D-52P9-CYx-C-Zc-S-g6g, Error
17682046479433258619, 3PMV-LVQB-ZAC6-HZTSC, , Del+
6003662293679231791, JNTH-3JH4-SJR3-7DCN8, JNTH-3JH4-SJR3-7DCN8, Ok
17661227562815832213, MJ6P-WNPH-KH6T-HAC8C, NXT-MJ6P-wnpH-{KH6T-haC8, Del
2312878395692031509, E9JP-NQ9Y-NMPR-4Y982, ═?╗, Del+
4712018317704962375, 2AC9-Q9AZ-2L3U-6M5T4, , Del+
12708230645942320934, ZZT8-G5ZK-Y45X-DN7R2, F5DY-93ZK-NBYY-DNWR2, Fatal
5380168256223000455, 4FW9-JSA2-EQAN-6LKCP, ╜}, Del+
17836412596365163236, DYR6-S76U-XW93-HCX3H, DYR6-S7DU-XW93-HCX3H, Error
14506763699104414116, EYF6-R7LU-5EUA-E2MNL, EYF6-R7LU-5EUAH-E2MNL, Ins
6255268074435722920, CHPA-7HZT-R8XQ-7FTMF, C3G3-UHZP-R8BD-7FTMF, Fatal
12329715981955251673, EHGT-DJLY-YS87-CMZ8Q, EHG5-DJLY-YS87-CMZ8C, Error
5731123999140890247, 6KN9-X8CA-JFGP-6CA4Z, 6YKN7W9-TX8CFA-UJFCGPBX-6LCAW4Z, Ins+
11152891796877349739, W6VD-ZYPM-U8RN-B9SKP, W6VD-ZKPM-U8RN-B9SKP, Error
10633093539957698225, VVPK-9MSC-4E59-BQ469, VVPK9mSC4-ПНE5bQ46-9, Del
11993653564064868443, YC4V-DWCL-GMJS-C6JWE, YC4V-DWCL-GMJS-C6JWE, Ok
1410636935889821394, 69QL-U8ZE-EPD5-3QW69, 69QL-RU8ZE-EPD5-3QW69, Ins
14213261594151308921, GMMT-5PKK-EZ76-E8XHC, GMMT-5QTK-EZ76-E8XHC, Error
1111000894927607379, U7LM-FPVN-XEPD-2KSUY, U7LM-FPVN-XEPD-UKSUY, Error
15500755721446531788, TAQE-8GZG-4JTL-FZF9G, TAQE-8GZG-4JTL-FZFW9G, Ins
18151828457959135110, Q7W8-TXG9-GFM3-HZ3UR, QW8XG9G3-HZUR, Del+
16026882965346618594, X594-6LD5-6AX6-FFRUW, 16026882965346618594, Old
4875264148258006325, VBBP-X8HK-8MFG-6C5C9, 4875264148258006325, Old
16941867967334536458, QPAC-6Y6A-5JCT-GVE9Q, 16941867967334536458, Old
420265246874736972, L8CE-2HRQ-3Q5U-2PAPD, 5, Del+
9557888130118926601, LJAB-MP9C-LG5W-AJ5BB, LJAB-MP9C-LGQW-AJ5BJ, Error
3963828943464074402, F574-FJYT-RB52-5TL2G, NXT-╪F574-FJYT-RB2-5ПT╒L2G, Del
11852512631133614540, TEGE-G5BA-DAPG-CP6ZA, TEGE-G5BA-DAPG-CP6A, Del
3148125315196488466, 94SL-BFSD-AKJE-455ER, 94PD-6QSD-AK9E-F55ER, Fatal
3704147522044986438, 7348-KGZL-LV6N-58YT8, 7/348Л-KgZl-LV6N-58YT8, Ok
16457628321441676472, 2Z7S-SEEH-B488-GXBTA, 2Z7s-SEEH-B▌488Ш-GxBA, Del
14550587501244184812, DY9E-9PUG-Z4KX-ELJVM, DY9E-ZPUG-ZQKX-ELJVM, Error
15292616383918112099, 5ZD5-LHAW-BWPA-FBLGA, 7U5ZTD835-L6HFAKW-5BWZ7YPA-FFBLGA, Ins+
6206350802262463831, 37CR-7J67-XJ24-75DAE, HWCZ-RJH7-KJN4-S5J2E, Fatal
6498947492294603478, 7EQQ-BYU4-HC87-789EN, 6498947492294603478, Old
18271440513925280173, 6WFF-CXDM-RR4K-HLB6V, 6WFF-CXDM9-RR4K-HLB6V, Ins
7643570464277230285, LWQF-UW3G-HLVA-8CV6N, LNXF-YW26-GGBS-NCV5N, Fatal
1718678798615640633, PYKT-ADP9-HZCZ-3THQH, 1718678798615640633, Old
1552473649278327908, 9956-KW48-ALGZ-3YV4D, W9LZ-PMMJ-3GTZ-2YVQP, Fatal
681674084154032052, GHXN-YZ5B-VT4X-2CGXL, 681674084154032052, Old
15414267560335310475, TZND-PQ5B-APZM-FUMUD, TznD-PQ5B-aXpZM-fUMUD, Ins
13257509214508584939, 35ZD-EGNN-KNDN-D43ZH, 35ZD-EGNN-KWDN-D43ZH, Error
17625709741088512709, L8Q7-MZHV-MSTL-HTS8B, L8Q7-MZHV-MSTL-HTS8B, Ok
15690802939121860626, 922L-6H3J-L2CF-FG9JM, ╨2L6ЦH3JL2G9M, Del+
12931105186852954515, BSEM-NZ9T-7NC6-D56X8, BSEM-7Z9T-7NC6-D56A8, Fatal
11307787416349761249, KRR3-RTTL-BC3A-BNCVT, KRR3-RttL-BC3A-BnCvT, Ok
5088811786468410652, CKAW-DGQN-UCMM-6RS9F, C!KAw-DgQRn=-uCMM-╦6rS9F, Ins
3625361642133767270, DK58-8LGV-EBYE-5ZYM6, DK58-8LGV-EBYE-5ZYM6, Ok
3332437613391758380, VK3E-DBV7-JFA2-4LTHW, vK3E-SBV7-JFA2-4qtHW, Error
9412714669917558544, QPSJ-5WJA-2AVT-AG7A7, QJSJ-FWJA-6HVQ-B87XW, Fatal
15145765523245989185, YZC3-HXN8-ZL77-FK6E6, YZC3-HXN8-ZL77-FK6E6, Ok
16930828547154070929, LMEK-VJX4-8T4G-G4MXP, Z3TJ-PHX4-8MNT-G5PXE, Fatal
7054043979965367890, 53LL-N2VX-AEYE-8Z9T5, kСAZLд-PN69х-VgnY-QFE7c, Fatal
16004480058713219716, TAN6-U7P8-QXPZ-FPU8W, TANT-UGL8-PX2H-FPT8W, Fatal
10691469918572726640, ULDJ-9UZN-ZDNR-BVXRA, ULAUDJ-9UZLN-Y7FZCDXSNRMNR-BSVXRA, Ins+
15497043167834629362, UT9L-NXZU-WKPX-FG66G, T9L-NXZU-WKPX-FG66G, Del
12189745477520243214, BGJG-XQ32-7WYR-CEPCL, BM3G-43YK-8KY9-P6PFL, Fatal
4172566374930576403, MX2M-2D3R-2SGW-5HZTM, MX2M-23R-2GW-5HZM, Del+
17782586760615097316, FWZ6-G792-AH59-HJ5LF, , Del+
4855393128624141869, 9FKF-CFCA-R99F-6LGS8, 9FKF-CFCA-R99F-6LGS8, Ok
17192296608620613500, S5VW-PP4Z-XRGB-GGU7X, SJ5VW-JPP4ZV-SXRGVBF-G6RG9U27X, Ins+
3053040448549884591, G6PH-5LYD-BLJ5-4NNRN, G-6-PH-5LYDb!LJ-54NN-R-N, Ok
15217977252846509267, A98M-PVKY-QDAL-FXAE8, A98M-PVKY-QDAL-FXAE8, Ok
9707298537496878724, R9N6-LUJ4-F6R5-A2UFF, r9N6-LuяJ4M-f6R5-A2ЗU~FF, Ins
5363194319290084981, VDMP-U7MC-5388-66HVN, YVDDQ6MPZ-EU7RMC9S-Q5388-6KK6H6VN, Ins+
13576854560349151264, 3S32-BACE-WTR4-DFPUS, 3S32-BACE-WTR4X-DFPUS, Ins
18112681382807774632, FBFA-S4N3-BRSA-HDBRQ, 18112681382807774632, Old
6164463360270249537, 5DL3-SHTX-QVYN-7L65D, 5DL3-SHTX-QVYN-7L65, Del
18262324518444568243, R5PM-EJZE-83UJ-HH8WU, 5MЬJ8H, Del+

Only after I was satisfied with all test results, I released it.

--

This is what makes my work different from the majority of other "developers" here.

So pardon me if I want to make at least one coin right.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: Agent86 on May 18, 2014, 08:05:32 AM

For instance, I think if you staggered your initial IPO you would have had less complaints from investors.

Next time I will do an IPO, I'll do it this way

It's too late to change anything at this point.

Quote from: Agent86 on May 18, 2014, 08:05:32 AM

Also, I used to like the idea of world community grid, but truthfully it's a waste of time. It's not like you'll be getting it out to some big portion of the public. The only people that will mine it that way are crypto miners who will do it until it's not profitable. You may as well just let people buy shares instead of going through the hassle. This just sounds good to people who are still stuck in a POW mindset.

I agree. I just like the idea that even if that system is gamed it will at least do good for humanity. It can also give us minor publicity and cater to people who like to mine and have some GPU surplus left from earlier Bitcoin days.

Quote from: Agent86 on May 18, 2014, 08:05:32 AM

What if the person who stole all the Mt.Gox funds got a big stake in simcoin?

Yep, that's a big concern, thought about it too.

Quote from: Agent86 on May 18, 2014, 08:05:32 AM

BTW, NXT has switched away from the numerical addresses.

Well, you know who they have to thank for that, right? Wink

Quote from: Agent86 on May 18, 2014, 08:05:32 AM

I think you may be losing ground doing development all by yourself when bigger teams are working on other projects. Will simcoin really be relevant by the time it is released?

As if the only advantage of Simcoin is RS addresses... There are other advantages in having a single person in complete control. One thing I don't like about NXT in particular is how easy things get thrown into the pile, without much consideration.

You sound as if sending money from person to person is gonna be obsolete in a year...

All the other coins are "results oriented". Can't at least one coin be "details oriented" for a change?

Agent86

newbie

Activity: 25

Merit: 0

Quote from: NxtChg on May 16, 2014, 05:08:44 PM

What do you, guys, think about a giveaway that gives people simcoins, proportional to the amount of Bitcoins they own?

Let's say we declare a day on which we take a "snapshot" of the Bitcoin's blockchain.

The "snapshot" is how Bitshares distributes coins (or shares). I think it is reasonably elegant. I think their IPO process is well thought out and a lot can be learned from it.

For instance, I think if you staggered your initial IPO you would have had less complaints from investors. For example, do a weekly auction for 5%, you run it for 3 months to get 60% distributed. That way people know what to expect and can stagger their investment but people in the first week are not upset that people in the later weeks dilute their investment.

Having staged investments solves the problem that right now some investors are not motivated to encourage simcoin until the IPO is closed.

Also, I used to like the idea of world community grid, but truthfully it's a waste of time. It's not like you'll be getting it out to some big portion of the public. The only people that will mine it that way are crypto miners who will do it until it's not profitable. You may as well just let people buy shares instead of going through the hassle. This just sounds good to people who are still stuck in a POW mindset.

As far as communities to target with a snapshot,
I think there are pros and cons of bitcoin, NXT, bitshares, or other targeted giveaways.

What if the person who stole all the Mt.Gox funds got a big stake in simcoin?

BTW, NXT has switched away from the numerical addresses. I think you may be losing ground doing development all by yourself when bigger teams are working on other projects. Will simcoin really be relevant by the time it is released? At some point you may be better off going open source, publishing what you are doing, and trying to attract developers. There will always be clones but if you believe in your abilities I think the market rewards the innovators not the copiers.

kartilago

full member

Activity: 203

Merit: 100

Quote from: NxtChg on May 16, 2014, 05:08:44 PM

What do you, guys, think about a giveaway that gives people simcoins, proportional to the amount of Bitcoins they own?

Let's say we declare a day on which we take a "snapshot" of the Bitcoin's blockchain.

Then people can sign something with their account's private key and get some simcoins, proportional to what they owned at the moment.

We can also add a time limit to solve the problem of all the lost bitcoins and to exclude the share of people who are not interested.

Might be easier to do with NXT though...

Good idea but boost inequality. It would more fair if it it is set up a limit.
So proportionally bitcoin or/and next holders until certain limit. (excuse my poor english)

Malibusparky

member

Activity: 87

Merit: 10

Quote from: NxtChg on May 16, 2014, 05:08:44 PM

What do you, guys, think about a giveaway that gives people simcoins, proportional to the amount of Bitcoins they own?

Let's say we declare a day on which we take a "snapshot" of the Bitcoin's blockchain.

Then people can sign something with their account's private key and get some simcoins, proportional to what they owned at the moment.

We can also add a time limit to solve the problem of all the lost bitcoins and to exclude the share of people who are not interested.

Might be easier to do with NXT though...

This is just for the giveaway part of distribution so I like it. If it is easier to do with NXT then do it. I think the NXT community is a better target as
their community is more apt to appreciate simcoin's technology and goals.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: fsonex on May 17, 2014, 07:07:45 AM

New users would immediately have some coins...maybe 100 or so. (It's frustrating for people new to crypto to download an empty wallet, then get told they need to go buy bitcoins, trade them for the new coin, etc, just to try out crypto)
Also, this would demonstrate to everyone 1) how quick the vault loads (Bitcoin takes me about 10 minutes to load) and 2) how quick transactions are sent and confrmed. Instead of just reading about it, all new users of Simcoin will get to see for themselves

This is no different from a faucet, it has the same set of problems.

Binding to IP is useless, they can be easily spoofed.

People will just abuse this system by creating lots of dummy new accounts until the giveaway fund is completely dry.

Rewarding for buying on exchange is not good either, it can be easily gamed - you buy, sell to yourself, withdraw/deposit, buy again.

When it comes to giveaways, you can't underestimate poor countries with lots of people. They mine gold in WoW, for christ's sake...

fsonex

full member

Activity: 168

Merit: 100

I personally am not a big fan of the idea of doing a giveaway based on Bitcoin holdings.

From the original post, it stated that Simcoin would simplify things and provide a coin that does the basics right...move transactions between parties in a manner similar to what we expect today using traditional means. To me, I would equate this as trying to do what Paypal does, but keeping it decentralized w/o the fees. So in my mind, those are the folks to we should try to win over with Giveaways.

That is why I am reluctant to target the Bitcoin crowd (they will make there way to this coin on their own). If we can 1) meet the stated design goals, and 2) find creative ways to get this coin to people that either got discouraged with Bitcoin or have never tried digital currencies, we'll have a chance at making a huge impact to changing payment processing as we know it today.

Based on what I stated above, here's a couple thoughts (of course there would be additional details to work through)...

1) Include a "coin redemption code" when the vault is launched for the first time. The user would launch the vault, get the code, then go to a site (similar to the IPO site), enter the code to have some coins sent to the vault. This would accomplish a couple things:

New users would immediately have some coins...maybe 100 or so. (It's frustrating for people new to crypto to download an empty wallet, then get told they need to go buy bitcoins, trade them for the new coin, etc, just to try out crypto)
Also, this would demonstrate to everyone 1) how quick the vault loads (Bitcoin takes me about 10 minutes to load) and 2) how quick transactions are sent and confrmed. Instead of just reading about it, all new users of Simcoin will get to see for themselves

Of course, there would be people trying to exploit a giveaway like this, but if it is limited to 1 wallet per IP, if someone wants to go through the work of downloading 1000 wallets and setting up 1000 IPs just for some coins, not much you can do. Besides, all this effort would generate transaction volume which is good for the coin.

2) Another option would be to reward users the first time they buy coins on the Simcoin exchange (again maybe 100 coins or so). This would encourage folks to try out the integrated exchange and once again help generate interest in the coin.

Together, I see both of these options as a way to get people to try out Simcoin and explore the features that help set it apart from all the other coins.

Imagine folks that new to crypto and hear about Simcoin on Facebook or Twitter being able to jump right in and interact with the coin immediately.

Anyway....just some thoughts.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: ?? on ??

a facebook Like & Retweet requirement...

In general, I am against the "pay to like" approach... We don't need fake enthusiasm.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: ?? on ??

Proponents of such distribution method would say that large holders of BTC will/could end up with more coins anyway due to their purchasing power... but I believe such argument does not hold because in the open Market they would also increase Demand for the respective coin (as they Bid up to accumulate a larger share) which would result in a higher valuation... thus benefiting even the small holders... considering this will be a Giveaway though... I am afraid we might get the opposite.

But it's a relatively easy way to distribute some funds to a target group of people who are already into coins and encourage them to try a new one. We don't have to give out much.

Giving to forum members is another option, although it's easier to game with sockpuppet accounts.

Anyway, if somebody has other ideas about how to organize giveaways - let's discuss them.

They will probably not be implemented right away, only after the exchange opens, but it's good to discuss in advance because some of them might require additional work, like integrating with World Community Grid, for example.

NxtChg

hero member

Activity: 840

Merit: 1002

Simcoin Developer

Quote from: ?? on ??

Getting a lot of people involved is definitely desirable... but haven't many been critical already to such distribution method because it favors large holders of BTC? Undecided

That's why I am asking for opinions

Topic: [ANN][SIM] Simcoin - A Simple Coin - page 50. (Read 157763 times)